Short Interest in Glass House Brands Inc. (NYSE:GLAS) Grows By 108.4%

Glass House Brands Inc. (NYSE:GLAS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 300,489 shares, a growth of 108.4% from the July 15th total of 144,167 shares. Based on an average trading volume of 371,591 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Glass House Brands Stock Up 0.3%

NYSE:GLAS opened at $9.44 on Monday. Glass House Brands has a 1-year low of $5.15 and a 1-year high of $13.93.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Glass House Brands from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Canaccord Genuity Group set a $15.00 target price on shares of Glass House Brands in a research note on Friday. Weiss Ratings initiated coverage on shares of Glass House Brands in a report on Wednesday, July 1st. They set a “sell (d+)” rating for the company. Lake Street Capital started coverage on shares of Glass House Brands in a research report on Monday, July 13th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, Wall Street Zen raised Glass House Brands to a “sell” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Glass House Brands Company Profile

Glass House Brands Inc is a vertically integrated cannabis company focused on the cultivation, manufacturing, and distribution of cannabis products in California. The company operates greenhouse and processing facilities and serves both the medical and adult-use cannabis markets through its branded product portfolio and wholesale channels.

Its business includes growing cannabis, producing finished goods, and selling flower, pre-rolls, and other cannabis products under its own brands as well as through third-party partnerships.